
SW Asia Economics-SS7E5 Quiz
Authored by Shannon Pausch
Social Studies
7th - 8th Grade
Used 201+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A tax placed on goods coming into a country from another country is known as
A tariff
A quota
An embargo
A natural trade barrier
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A limit to the number or amount of a foreign produced good that is allowed into the country is known as
A tariff
A quota
An embargo
A natural trade barrier
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A formal halt to trade with a particular country for economic and political reasons is known as
Tariff
Quota
Embargo
Natural Barrier
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which term is necessary for international trade?
embargo
interdependence
currency exchange
human capital
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An economic exchange in which all sides agree to participate because they expect to benefit.
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Businesses make economic decisions, but the government regulates them to make sure they're safe/fair.
Mixed
Traditional
Command
Market
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An undeveloped economy in which customs and habits from the past determine how decisions will be made; may be found in rural areas with high levels of subsistence farming and rely on barter rather than currency.
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